How to sustain an international system of cooperation in the midst of geopolitical struggle
Can the international economic and legal system survive today's fractured geopolitics? Democracies are facing a drawn-out contest with authoritarian states that is entangling much of public policy with global security issues. In Global Discord, Paul Tucker lays out principles for a sustainable system of international cooperation, showing how democracies can deal with China and other illiberal states without sacrificing their deepest political values. Drawing on three decades as a central banker and regulator, Tucker applies these principles to the international monetary order, including the role of the U.S. dollar, trade and investment regimes, and the financial system.
Combining history, economics, and political and legal philosophy, Tucker offers a new account of international relations. Rejecting intellectual traditions that go back to Hobbes, Kant, and Grotius, and deploying instead ideas from David Hume, Bernard Williams, and modern mechanism-design economists, Tucker describes a new kind of political realism that emphasizes power and interests without sidelining morality. Incentives must be aligned with values if institutions are to endure. The connecting tissue for a system of international cooperation, he writes, should be legitimacy, creating a world of concentric circles in which we cooperate more with those with whom we share the most and whom we fear the least.
- Comics and Graphic Novels
- New eBook additions
- Available now
- New kids additions
- The Art of the Short Story
- New teen additions
- Get Creative With Design & Photography
- Most popular
- Try something different
- Anzac Day: We Will Remember Them
- Very Short Introductions
- Captain Marvel, The Avengers and More - Marvel Comics Now Available
- See all
- Award Winning Audiobooks
- Recent Biographies & Autobiographies
- Available now
- Librarian's Choice
- New audiobook additions
- Self Help Audiobooks
- New kids additions
- Audiobooks for Road Trips
- New teen additions
- Most popular
- Try something different
- See all